The rapid move of $BTC to 58.5k arrived sooner than expected, aligning perfectly with our earlier predictions.
However, the $61,877 support level didn't hold, leading me to anticipate a bounce from $60,911, likely testing the 62.5k region before potentially dropping further to around 59.6k. We're hopeful the 59.6k level provides some stability.
If the 59.6k level fails to hold, we might see a rebound from the 57k zone—whether it’s a daily, weekly, or monthly close—potentially pushing up to retest the 69k area. This could pave the way for a breakout to new all-time highs, or, alternatively, a decline below 53k. If we dip below 55k before reaching a new ATH, holding could yield a potential 2-3x return by October or November.
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